Qiwi, Russian Payments Firm, Could Post Big EPS Gain

Recent IPO Qiwi (QIWI) will give investors an idea of how the online payments business is doing in Russia when it reports third-quarter results before the open Tuesday.

Qiwi is the largest operator of nonbank self-service payment kiosks in Russia. It has an integrated proprietary network that enables payment services across physical, online and mobile channels. The company lists more than 169,000 Qiwi-branded kiosks, and terminals operate across Russia and other former Soviet Republic states.

Qiwi consumers can use cash, stored value and other electronic payment methods to order and pay for goods and services across physical or online environments.

The company has been a strong performer since its May 3 IPO. If analysts polled by Thomson Reuters are on target, the company stayed on the fast track in the third quarter.

They expect the company to see a rise in earnings per share minus items to 25 cents, up 39% from 18 cents in the year-earlier quarter.

Qiwi makes money by charging a small fee to customers, some of which it passes on to third-party firms that maintain its kiosks. Over 60 million consumers use its network at least once a month.

Qiwi also offers the Visa Qiwi Wallet that allows customers to pay bills or make e-commerce purchases with their cellphones, in a partnership with U.S. credit card giant Visa (V).

Recent IPO Qiwi (QIWI) will give investors an idea of how the online payments business is doing in Russia when it reports third-quarter results before the open Tuesday.

Qiwi is the largest operator of nonbank self-service payment kiosks in Russia. It has an integrated proprietary network that enables payment services across physical, online and mobile channels. The company lists more than 169,000 Qiwi-branded kiosks, and terminals operate across Russia and other former Soviet Republic states.

Qiwi consumers can use cash, stored value and other electronic payment methods to order and pay for goods and services across physical or online environments.

The company has been a strong performer since its May 3 IPO. If analysts polled by Thomson Reuters are on target, the company stayed on the fast track in the third quarter.

They expect the company to see a rise in earnings per share minus items to 25 cents, up 39% from 18 cents in the year-earlier quarter.

Qiwi makes money by charging a small fee to customers, some of which it passes on to third-party firms that maintain its kiosks. Over 60 million consumers use its network at least once a month.

Qiwi also offers the Visa Qiwi Wallet that allows customers to pay bills or make e-commerce purchases with their cellphones, in a partnership with U.S. credit card giant Visa (V).

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